Joel Michaels
@michaelsjoel
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Fellow @ColumbiaLaw, writing about public investment and administrative democracy. Previously @ Treasury, OMB-OIRA.
New York, NY
Joined September 2013
I have an op-ed in Bloomberg today on the Intel deal. It’s fine for the government to take equity stakes. The problem with the administration’s recent moves is that Trump wants governance rights to advance his own personal power, not industrial policy.
Industrial policy is no longer a dirty word, but the Intel purchase shows how Trump has corrupted a good idea (via @opinion)
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Trump's mechanism to pay the troops during the shutdown is by far the most illegal budgetary action he's taken as POTUS, potentially setting the stage to break everything It's also needless bcuz Congress would easily pass a troop pay bill if Johnson were willing to gavel in 🧵
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This rule would not only have put real cash back in your hands for badly delayed or cancelled flights, but would have resulted in far fewer delayed and cancelled flights in the first place. A slap in the face for air travelers, solely for the benefit of the airlines.
New: the White House says @USDOT is dropping the Biden era ANPRM on whether to require airlines to give cash compensation for disrupted flights
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Hi Folks! I wanted to share a 🧵about my JMP in @YaleLawJournal (now on SSRN). It reconstructs the law of officeholding in early US, arguing that it is inconsistent with the unitary executive theory. (1/
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The byline notes that I have a new role at Columbia: more on that soon!
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Just as with the administration’s specious claims to be “democratizing” the Fed, we shouldn’t mistake the destruction of the administrative state for a more accountable mode of statecraft.
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I am on the legal academic job market! My job talk paper is on how courts in tax, corporate, and bankruptcy law spheres value business interests systematically differently, such that the same asset is "worth" different amounts of money depending on the substantive underlying law.
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The @Columbia New Thinking in Industrial Policy conference is happening tomorrow and Saturday. In-person registration is closed, but here are the livestream links: Day 1 ( https://t.co/AfPs4nMi2A), Day 2 ( https://t.co/kJklK5ajgs). Conference page here:
The program is up for the @Columbia New Thinking in Industrial Policy conference, Nov. 1-2, 2024: https://t.co/sdUt5Ah8aI Featuring talks by @alondra, @rodrikdani & @MazzucatoM, and many fascinating papers. Registration link here:
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Treasury and HUD are updating their Risk Sharing Program to provide more interest rate predictability for housing development, which will encourage and make it easier for developers to use this financing source for new construction.
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.@POTUS & @VP Harris believe we need to build, build, build to lower housing costs. Today, the Administration is taking new actions to reduce barriers to build, making it easier & faster to use federal financing to build or rehab affordable housing. 🧵: https://t.co/R7MI2C0AmA
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Several people have asked me what FFB/Risk-share is already this morning. Well I am glad you asked. Enjoy our explainer. https://t.co/rbk2l2ngkr
publicenterprise.org
The White House today announced a meaningful change to the Department of Housing and Urban Development (HUD) and Treasury's Federal Financing Bank (FFB) Risk-sharing program. The change will give...
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I've been thinking about the debate around the IRA and 'derisking' nonstop since the bill passed. Here's my two cents @LPEblog. The basic idea is that, depending on market structure, subsidies can trigger a race to the top. https://t.co/lggKVz674b
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When Biden came into office, experts were projecting a long, sluggish recovery. Instead, we've had the fastest and most equitable recovery since WW2. Why? In a new piece, I argue it's because Biden and Democrats passed the American Rescue Plan. 1/ https://t.co/dV1rUwlzwD
democracyjournal.org
America is in the midst of an economic boom that few predicted. After the crushing COVID-19 recession of 2020, the job market regained its pre-pandemic strength years faster than experts projected....
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My sister, on the steps of NY City Hall, explaining why Mayor Adams’ new shelter eviction policy is a betrayal of the city’s values.
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This is a nice piece by @akapczynski and @michaelsjoel, with a useful typology of how industrial policy could help build countervailing power, and how it would be better off if it did.
New article on industrial policy with @akapczynski, forthcoming in the Harvard Law and Policy Review. Draft👇
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Our Hidden Gem of the Week asks what democratic industrial policy is and how to achieve it. By @akapczynski & @michaelsjoel
https://t.co/DIgp4SDyKU
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New article on industrial policy with @akapczynski, forthcoming in the Harvard Law and Policy Review. Draft👇
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📢 Exciting Conference Alert! Join us for our one-day conference on "Administering a Democratic Political Economy." with leading scholars in admin law. 🗓️: Friday, Feb 2nd, 10AM - 5:15 PM ET 📍: Yale Law School & Online 🌟 Save your spot now!
lpeproject.org
The LPE Project hosted a one-day conference on Friday, February 2nd, titled "Administering a Democratic Political Economy." This convening brought together scholars in administrative law…
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The 2023 Fall Regulatory Agenda is out! Big wonky news :) This is the 1st Regulatory Agenda where agencies discuss their efforts to encourage public participation in the rulemaking process and its impact on priorities. @SamBerger_DC
https://t.co/qN7NdSonKx via @whitehouse
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